Why is Web 3.0 important
If decentralizing the web's architecture delivers even a portion of the benefits promised by Web 3.0 proponents, it could fundamentally alter how people interact on the web and how companies make money from goods and services.
Web 2.0 giants like Amazon, Google and Facebook parent Meta grew quickly by collecting and centralizing petabytes of customer data and monetizing it in myriad ways. Web 3.0's global peer-to-peer network could be the great leveler that makes it hard for such companies to grow by hoarding data. Individuals will have more control over web content and who can access and profit from their personal data.